We're on the sidelines | 26 October 2021
26 October 2021, GBP/USD
Wave Analysis
Yesterday, the British pound rallied to the upperside and is still showing signs of continuing much higher. As it is now, we expect nothing but a possible correction towards the previous day's opening price to pick a possible long term sell buy position with an ideal target set at 1.3859 and may continue much higher. On the flipside, a break below the previous day's lowest low will attract a possible long term sell position.
Trade Recommendations:
We're on the sidelines
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
